毕盛资产创始人王国辉也表示，尽管市场经历阶段性调整，但大量A股和港股科技标的交易价格仍显著 低于其内在价值，"洼地"机会依旧清晰。"两年前，我们就判断当时中国股票市场的担忧和风险已充分 体现在股价中，而标的估值已处于合理偏低水平，于是果断反向加仓，坚定布局长期机会。" 今年以来，中国科技股在全球资本市场中表现亮眼，成为全球资金的重要配置方向。伴随这一趋势，外 资对中国科技板块的关注度与布局力度同步升温，多家外资机构密集开展调研，布局动作频频。 从最初的观望试探到如今的坚定加码，外资持续加仓的背后，既得益于中国科技股显著的估值优势，更 源于产业基本面的进步。业内人士分析表示，外资的持续投入并非短期投机行为，而是基于深度研究的 资本配置，彰显了中国科技产业的全球竞争力。 估值吸引力与逆向布局，外资眼中的"黄金坑" 新华财经数据显示，截至11月4日，多个科技细分板块实现大幅上涨，其中通信设备板块上涨 116.37%，光通信模块板块上涨111.59%，CPO概念板块上涨95.24%，算力板块上涨70.95%，展现出强 劲增长动能。 在此背景下，多家国际机构加大了对中国科技企业的调研力度。近一个月以来，摩根士丹利调研了 ...

南财智讯11月4日电，东信和平在投资者关系活动中表示，公司作为知名的数字安全产品和解决方案提 供商，在智能卡、数字身份认证、安全芯片等领域具备技术积累和客户资源，已建立较为全面的eSIM 综合服务能力和产品迭代能力，以eSIM为代表的数字身份安全产品可应用于车联网、工业物联网及消 费电子等领域，为客户提供数字身份安全解决方案。 ...

诺基亚表示，公司董事会已决定提交申请，将其股票（ ISIN ： FI0009000681 ）从巴黎泛欧证券交易所（ Euronext Paris ）摘牌。 诺基亚称，此次提交退市申请的决定，是诺基亚在对巴黎泛欧证券交易所的股票交易量、相关成本及行政要求进行全面评估后作出的。诺 基亚的股票将继续在赫尔辛基纳斯达克证券交易所上市，其美国存托凭证（ ADR ）也将继续在纽约证券交易所交易。 【导读】诺基亚拟从巴黎泛欧证券交易所退市 中国基金报记者 忆山 当地时间 11 月 4 日，诺基亚官方宣布，公司有意从巴黎泛欧证券交易所退市。 诺基亚股票于 2015 年 11 月在巴黎泛欧证券交易所挂牌上市。截至 11 月 3 日收盘，诺基亚每股报 6.14 欧元，较上一日收盘价上涨 4.24% ；公司最新市值为 342.36 亿欧元，折合人民币约 2670 亿元。 编辑：晨曦 校对：王玥 制作：舰长 11月4日开盘，诺基亚股票下跌明显，截至发稿跌幅达2.31%。 财报数据显示， 2025 年第三季度，诺基亚调整后的净销售额达 48.33 亿欧元，同比增长 12% ；营业利润为 4.35 亿欧元，同比下滑 10% 。 诺基亚 ...

诺基亚宣布，已决议提交申请，将其股票从法国巴黎泛欧证券交易所退市。诺基亚决定提交退市申请，是基于对在泛欧交易所上市相关的交易量、 成本及行政要求的综合评估。 诺基亚股票将继续在赫尔辛基纳斯达克交易所上市，其美国存托凭证仍将在纽约证券交易所挂牌交易。若获泛欧交易所董事会批准，退市预计将在 未来三个月内生效。 ...

Investment Rating - The report maintains a "Positive" investment rating for the communication industry [11]. Core Insights - In the 44th week of 2025, the communication sector experienced a decline of 3.77%, ranking 32nd among primary industries in the Yangtze River region. However, since the beginning of 2025, the sector has risen by 61.65%, ranking 2nd among primary industries [2][6]. - NVIDIA announced that it expects to ship approximately 20 million units of its Blackwell and Rubin series GPUs, raising its sales guidance for GPUs to over $500 billion for the next five quarters. The company also revealed several collaborations for computing power development [2][9]. - The financial performance of the four major cloud service providers in North America was strong, with continued increases in capital expenditures and accelerated global computing investments [2][8]. Summary by Sections Market Performance - The communication sector's performance in the 44th week of 2025 showed a decline of 3.77%, while it has increased by 61.65% since the start of the year [2][6]. - Among companies with a market capitalization above 8 billion, the top three gainers were Guodun Quantum (+38.4%), LianTe Technology (+20.7%), and Kesi Technology (+13.5%). The top three decliners were Kehua Data (-17.3%), Dekeli (-13.9%), and Huafeng Technology (-13.7%) [6]. NVIDIA's GPU Forecast - At GTC 2025, NVIDIA projected that the combined shipments of its Blackwell and Rubin series GPUs would reach around 20 million units, significantly higher than the 4 million units of the previous Hopper series. The company is also collaborating with Oracle and the U.S. Department of Energy to build supercomputing systems with a total computing power of approximately 2200 EFLOPS, expected to be operational in the first half of 2026 [7][9]. North American Cloud Providers' Financials - Google reported Q3 2025 revenue of $102.35 billion, a year-on-year increase of 16%, with cloud revenue up 34% to $15.16 billion. Capital expenditures were raised to $91-93 billion [8][24]. - Meta's Q3 2025 revenue was $51.24 billion, up 26% year-on-year, with capital expenditures adjusted to $70-72 billion [8][24]. - Microsoft's Q3 2025 revenue reached $77.67 billion, a year-on-year increase of 18%, with Azure services growing by 40% [8][24]. - Amazon's Q3 2025 revenue was $180.17 billion, up 13% year-on-year, with AWS revenue increasing by 20% [8][24]. Investment Recommendations - The report recommends several companies based on their sectors: - Telecom Operators: China Mobile, China Telecom, China Unicom - Optical Modules: Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication - Liquid Cooling: Yingweike - Hollow Core Fiber: Fenghuo Communication, Hengtong Optic-Electric - Domestic Computing: Runze Technology, Guanghuan New Network - AI Applications: Boshi Jie, Heertai - Satellite Applications: Huace Navigation, Haige Communication [9].

Investment Rating - The investment rating for the company is "Accumulate" [7] Core Insights - The company has shown strong performance with a revenue of 17.877 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 34.96%. The net profit attributable to shareholders reached 733 million yuan, up 105.65% year-on-year [1] - The growth is primarily driven by the acceleration of smart technology in the IoT sector, with significant contributions from AI and 5G integration across core business areas such as 5G modules, automotive modules, and smart modules [1] - The company has established a comprehensive layout in the automotive sector, benefiting from the trend of automotive intelligence, with partnerships with over 40 major car manufacturers and 60 top-tier suppliers [2] - In the robotics sector, the company's AI strategy has been effectively implemented, leading to collaborations with well-known robotics clients and applications in various robotic fields [2] - The company has developed a complete solution for AI toys, providing a one-stop service that includes hardware, algorithms, and IoT platforms, with successful implementations in leading toy brands [3] - The company has enhanced its overseas production capacity and supply chain resilience by establishing its own factory in Malaysia and strengthening partnerships with global contract manufacturers [4] Financial Summary - The company is projected to achieve net profits of 990 million yuan, 1.20 billion yuan, and 1.46 billion yuan for the years 2025 to 2027, with corresponding PE ratios of 25, 21, and 17 [5] - The revenue forecast for 2025 is 24.35 billion yuan, reflecting a growth rate of 30.96% compared to the previous year [12]

[Table_Summary] 公司在海洋通信技术积淀深厚，有望推动海外业务持续拓展，助力主业经营质量稳步提升。子 公司长江计算在国内算力建设浪潮中快速释放营收，或成公司近年最为关键的增长引擎。 丨证券研究报告丨 分析师及联系人 [Table_Author] [Table_scode 公司研究丨点评报告丨烽火通信（ Msg1] 600498.SH） [Table_Title] 光网技术引领突破，算力业务加速释放 报告要点 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_scodeMsg2] 烽火通信（600498.SH） cjzqdt11111 [Table_Title2] 光网技术引领突破，算力业务加速释放 于海宁 刘泽龙 SAC：S0490517110002 SAC：S0490525040002 SFC：BUX641 2025-11-04 公司研究丨点评报告 [Table_Rank] 投资评级 买入丨维持 [Table_Summary2] 事件描述 烽火通信发布 2025 年三季度报告。报告期内，公司实现营业收入 170.72 亿元，同比下降 ...

今日，人工智能题材股全天走弱，半导体、通信设备、互联网等热门科技板块跌幅居前，截至收盘，中证人工智能主题指数下跌1.2%，上证科创板人工智 能指数下跌2.2%。资金加码相关产品，Wind数据显示，人工智能ETF（159819）今日获8000万份净申购，科创人工智能ETF（588730）前4个交易日连续获 资金净流入，合计约6000万元。 每日经济新闻 ...

在 5G 天线领域，公司与华为、中兴、爱立信、诺基亚等主流 设备商保持深度合作，产品类型持续丰富，新旧品类均实现增量发 展。其中，中兴为公司国内最大设备商客户，爱立信为海外最大设 备商客户。公司将持续强化与全球主流通信设备商的战略协同，推 动天线及相关产品在 5G 网络建设中的规模化应用。 投资者关系活动记录表 | | 特定对象调研 ☑ | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | 现场参观 ☑ | □其他 | | | 华富基金 姚明昊、赵天宇 山西证券 张天、褚洺萱 | | | 参与单位名称 | 华创证券 谢然 | | | | 第一创业证券 李泽梓 | | | | 海衍投资 丁威 | | | | 金之灏基金 黄俊斌 | | | 时间 | 年 月 日 2025 11 4 | | | 地点 | 公司会议室 | | | 公司接待人员 | 黄华 董事会秘书 | | | 姓名 | 张炜亮 投资者关系经理 | | | | 邓家庆 证券事务代表 公司于 2025 年 11 | 月 4 日接待参 ...

证券之星消息，11月4日通信设备板块较上一交易日下跌1.24%，东土科技领跌。当日上证指数报收于 3960.19，下跌0.41%。深证成指报收于13175.22，下跌1.71%。通信设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300353 | 东土科技 | 23.53 | -6.03% | 40.19万 | 9.52 G | | 688592 | 司南导航 | 39.07 | -4.38% | 2.16万 | 8509.53万 | | 688182 | 灿勤科技 | 25.16 | -4.19% | 5.89万 | 1.50亿 | | 603118 | 并进股份 | 11.77 | -4.15% | 47.20万 | 5.59亿 | | 600487 | 亨通光电 | 21.12 | -4.04% | 79.68万 | 16.97亿 | | 301307 | 美利信 | 31.79 | -4.02% | 5.95万 | 1.91亿 | | 688143 | 长雷通 ...